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<p>[QUOTE=&quot;qsilver007, post: 1518140, member: 34667&quot;]FROM A WALL STREET PERSPECTIVE</p><p><br /></p><p>WELL, I THINK WE CAN CHALK ONE UP FOR THE GOOD GUYS (qualitative traders, coin collectors, pm holders)</p><p><br /></p><p>AGAIN THOUGH, ANOTHER WEEK WHERE NOTHING REALLY CHANGED EXCEPT THE ACTUAL PRICE</p><p><br /></p><p>I THINK ANY OF YOU THAT HAVE BEEN READING MY LITTLE BLOGS/POSTS, AND LISTENED TOT HE TRADE IDEAS HAVE PROBABLY DONE QUITE WELL AS THE PRICE AND VOLATILITY HAVE BOTH RISEN</p><p><br /></p><p>IT STARTED ONE WEEK AGO LAST SUN NITE/MON MORNING WHERE SOME MACHINE TRIED TO TAKE THE PM&#039;S LOWER FOR NO APPARENT REASON, THIS TIME THEY GOT CAUGHT</p><p><br /></p><p>YOU WILL HEAR BUBBLEVISIONS AND OTHER MAINSTREAM MEDIA OUTLETS TELL YOU THAT THE METALS ROSE DUE TO WEAKNESS IN THE DOLLAR THAT IS STILL BS</p><p><br /></p><p>THE EURO MOVED A WHOPPING TWO CENTS THIS WEEK</p><p><br /></p><p>SILVER WAS UP ABOUT 11% FROM LOW TO HIGH THIS WEEK, GOLDA SOLID 3.5%, AND PLATINUM CONTINUED CLOSING ITS ABSURD DISCOUNT TO GOLD NARROWING TO ALMOST 100 DOLLARS UNDER ON THURSDAY</p><p><br /></p><p>NOW THE ONLY THING LEFT TO PARTICIPATE IN THE HOPE RALLY IS COPPER</p><p><br /></p><p>IT SHOULD BE NOTED THAT EUROPEAN GOLD CLOSED AT 1336 PER OZ AND ITS YEAR ITS AROUND 1339, AND ITS ALL TIME HIGH IS 1368</p><p><br /></p><p>GOLD AND SILVER VOLS HAVE MANAGED TO BOUNCE AND HOLD OFF OF THERE LOWS, YET IT IS STILL ASTOUNDING THAT NEAR TERM VOL IS ONLY 24% IN SILVER AND 14% IN GOLD EVEN LESS IF YOU WANTED TO TAKE A GAMBLE IN THE WEEKLY OPTIONS...............OPTION VOL IN THE METALS COMPLEXIS STILL WAY TOO LOW ESPECIALLY CONSIDERING YOU ARE NEARING AN ALL TIME HIGH IN EUROPEAN GOLD</p><p><br /></p><p>THIS RALLY CONTINUED TO TAKE THE LEAD OFF OF PLATINUM, PLATINUM WAS THE ONE THAT KICKSTARTED THIS WHOLE MOVE, BUT IT SHOULD BE NOTED THAT THE SECOND LEG UP DID REALLY NOT OCCUR UNTIL WEDNESDAY AFTERNOON ON THE FED MINUTES WHE THEY SAID &quot;MORE STIMULUS MAY BE COMING SOON&quot;, I AM NOT COMPLAINING THIS WEEK AS THIS TIME THE METLAS WERE THE CLEAR BENEFICIARY OF THE FURTHER STIMULUS HOPE.</p><p><br /></p><p>MANY WILL TELL YOU SILVER WAS STRONGEST THIS WEEK AND TECHNICALLY FROM LOW TO HIGH THEY ARE CORRECT, BUT SILVER IS STILL ONLY 30.70 SO 6.00 PLUS SHY OF ITS DOLLAR HIGH AND 24.50 IN EU ABOUT 2.50 SHY OF ITS EUROPEAN HIGH</p><p><br /></p><p>LUCKY FOR US SILVER OWNERS THAT THE MACHINES FINALLY LOST CONTROL ON THE SELL SIDE AND WE WERE ABLE TO RETAKE THE 28.33 LEVEL AND NOW THE 30 LEVEL</p><p><br /></p><p>THIS ALL HAPPENS ON A WEEKS WHERE THE GENERIC US STOCK MARKET MADE A YEAR HIGH ALSO, BUT CLOSED DOWN ON THE WEEK, BRINGING INTO PLAY THE TALK OF A MAJOR TRIPLE TOP AREA 1425 ISH FROM EARLIER THIS YEAR AND LATE LAST SUMMER</p><p><br /></p><p>TO NO SURPRISE GOLD AND SILVER STONGEST WEEK COMES ON A WEEK WHERE THERE IS A LITTLE FEAR COMING BACK TO THE MARKET AS THE VIX WHICH REALLY HAS NOTHING TO DO WITH VOL ANYMORE, MORE OF WHERE THE SP 500 IS PRICED.&nbsp; THE VIX BOUNCES OFF 6 YEAR LOWS AS WELL.</p><p><br /></p><p>OPTIONS EXPIRATION FOR THE SEPTEMBER SERIES IS ON TUESDAY AND ALL OF THE FUTURES TRADERS WILL BE MOVING THERE SEP SILVER OUT TO DECEMBER, SEP SILVER IS TRADING AT A 9 CENT DISCOUNT TO DEC, THIS IS CURRENTLY THE WIDEST AND ONE SEQUENCE FUTUES SPREAD HAS TRADED TO THE UPCOMING MONTH SINCE LAST DECEMBER.&nbsp; GOLD ALL THE TRADERS ARE ALREADY IN DEC SO THAT PRICE WILL NOT CHANGE, BUT LATER THIS WEEK ON BUBBLEVISION YOU SHOULD NOTE THAT THE SILVER PRICE WILL MAGICALLY INCREASE TEN CENTS OVER NITE</p><p><br /></p><p>ON THE INFLATION FRONT WTI TRAED ITS HIGHEST LEVEL SINCE MAY, WHILE BRENT REAMINED STRONG, BUT DIDNT TAKE OUT LAST WEEKS HIGH</p><p>CORN STILL NEAR ITS ALL TIME HIGH BUT HAS NOT TAKE OUT ITS ALL TIME HIGH SET TWO WEEKS AGO, BEANS CONTINUE TO BE THE AG STORY AS THEY ARE TRADING AT HISTORIC HIGHS IN EVRY MAJOR CURRENCY AROUND THE GLOBE</p><p><br /></p><p>SO IN SUMMARY, VOLS LOOKED LIKE THEY MAY HAVE BOTTOMED, THE STOCK MARKETS IS LOOKING LIKE A MAJOR TOP IS FORMING, ANOTHER PRAYER OUT OF THE US FED THAT &quot;THEY MAY ADD STIMULUS SOON&quot; PROMPTED THIS RALLY</p><p><br /></p><p>GOOD FOR ALL OF US AS ONE OF YOU NOTED THAT AS FELLOW COIN COLLECTORS WE ALL HAVE HOLDINGS IN THE PHYSICAL METALS&nbsp; WITH THE VELOCITY AND TRAJECTORY OF THIS MOVE, YOU WILL NOW HAVE ALGOS AND FUNDS BUYING DIPS INSTEAD OF SELLING RALLIES, YOU WILL ALSO HEAR THE ARGUMENT THAT GOLD AND SILVER ARE SAFE HAVENS, WHICH THEY ULITMATELY ARE AND HAVE BEEN</p><p><br /></p><p>AS STATED SINCE I STARTED MY LITTLE THREAD, THE MAJOR &quot;SMART&quot; MONEY HAS BEEN BUYING LARGE BLOCKS OF CALLS WHILE METALS WERE STUCK IN THE 26-28 RANGE AND THE 1550-1630 RANGE</p><p><br /></p><p>TECHNICAL ANALYSIS 101 SAYS RESISTANCE WILL NOW BECOME SUPPORT</p><p><br /></p><p>WILL SILVER TRADE UNDER 30 THIS YEAR AGAIN..............ABSOLUTELY</p><p>WILL IT TRADE 26.08 PROBABLY NOT</p><p><br /></p><p>i DO NOT THINK GOLD WILL TRADE 1530 AND MAY BE HARD PRESSED TO EVEN GET UNDER 1600</p><p><br /></p><p>FOR THOSE OF YOU WHO DID BUY THE PLATINUM UNDER OR NEATH 1400 SALUD!!!! FOR HOSE OF YOU WHO TRIED A CALL SPREAD IN SILVER EXCELLENT!!!!!</p><p><br /></p><p>WITH VOLS AT THES LOW LEVELS, I CANT EMPHASIZE ENOUGH THAT IT IS MUCH EASIER TO OWN CALLS AND SLEEP AT NITE THAT TONS OF FUTURES</p><p><br /></p><p>CAN YOU BELIEVE THAT LAST FRIDAY THE SEPTEMBER 28 CALL WAS 25 CENTS?&nbsp; ALL OF THE ALGO MACHINES TRULY BELEIVED THAT IS WAS NOT POSSIBLE FOR SILVER TO MOVE UP 35 CENTS IN TWO WEEKS???????????????????????</p><p><br /></p><p>THE GOLD CALL PURCHASE THAT WAS MOST FRIENDLY WAS THE SEP 1625C FOR 6.00 IT GOT YOU LONG ON THE BREAKOUT AND IF WE STAYED IN THE RANGE OH WELL THEN 6.00 DOLLARS YOU LOSE IN GOLD WHICH I DONT THINK IS A WHOLE LOT</p><p><br /></p><p>THERE REALLY ARE NO INTENTIONS FOR QE III, EUROPE WILL NEED TO STEP IN AND BUY WEAK EU MEMBER BONDS, THE FED MAY COME OUT WITH SOME ABSURDITY OF BUYING MBS&#039;S (MORTGAGE BACKED SECURITIES), BUT AS FOR QE III DONT PLAN ON IT EVER IT DOESN OTHING BUT INFLATE COMMODITY PRICES AND PROP UP THE STOCK MARKET</p><p><br /></p><p>NOT MUCH WAS MENTIONED ABOUT CHINAS LARGEST LIQUIDITY INJECTION INTO THERE SYSTEM &quot;EVER!!!!!!!!!!!!!!&quot; ON TUESDAY................I KNOW THAT WAS ANOTHER CATALYST IN THIS PM MOVE, BUT YOU WONT HEAR ABOUT THAT ON TV</p><p><br /></p><p>THE INTERIM TARGETS I SET A FEW WEEKS ABOUT WERE 31.50 SILVER ANFD 1690 GOLD BOTH GOT VERY CLOSE SO TRADING WISE POSITIONS WERE REDUCED ON FRIDAY</p><p><br /></p><p>THE PHYSICAL HOLDINGS IE MY OWN WERE UNCHANGED, WELL ACTUALLY MY WIFE MANAGED TO PICK UP A 5 LOF OF THE CANADA 1997 STERLING PROOF SET FOR 100.00 (FOR ALL 5)</p><p><br /></p><p>IF YOU ARE TRADING THE METALS AS WELL AS HOLDING THEM LOOK FOR AN INTERIM HIGH TO BE MADE AROUND THE EUROPEAN OPEN AT SOME DAY THIS WEEK (THATS 3:00 AM EASTERN TIME FYI) METALS WILL TRADE WAY UP, AND BY THE TIME THE US IS IN 9:00 AM EASTERN THEY MAY BE DOWN SLIGHTLY.&nbsp; THEN YOU KNOW WHAT YOUR NEW RANGE IS.......IM STILL GUESSING 1690 SOMETHING AND 31.50 ISH WILL BE THOSE LEVELS, NUT AS A TRADER IF YOU ARE ONLY LOOKING FOR 10-15 IN GOLD THERE IS NOT MUCH REASON TO HAVE A LOT ON</p><p><br /></p><p>I WILL FOLLOW UP WITH YOU GUYS LATET THIS WEEK, BUT AS I SAID NOTHING FUNDAMENTALLY CHANGED EXCEPT THIS TIME THE METLAS DID SOME CATCHING UP TO THE REST OF THE MARKETS[/QUOTE]</p><p><br /></p>

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